UPDATE 2-Deals of the day -- mergers and acquisitions

Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Wednesday.

(For Reuters columns on deals, click on [DEALTALK/])

** Shares in Xstrata XTA.L rose as much as 5 percent to 3,450 pence on market talk of a 4,000 pence-per-share bid for the miner by the end of the week, traders said.

To read more, please double click on [nL2385258]

** Popular Inc (BPOP.O), the parent of Banco Popular, agreed to sell much of its U.S. consumer finance business Equity One to a unit of American International Group Inc (AIG.N) for about $1.5 billion, the companies said. [nN23616561]

** Constellation Brands Inc (STZ.N) said it agreed to sell its Almaden and Inglenook wine brands and the Paul Masson winery to The Wine Group LLC for $134 million in cash, as it focuses on higher-end brands. [nN23462248]

** French retailer PPR (PRTP.PA) said it was in talks to sell its YSL Beaute cosmetics business to L‘Oreal (OREP.PA), the world’s biggest beauty group, for an enterprise value of 1.15 billion euros. [nL23220007]

** CME Group Inc CME.N, the world’s largest derivatives exchange, said its board ratified the equity stake of about 10 percent in Brazilian Mercantile & Futures Exchange SA BMEF3.SA, the world’s fourth largest futures exchange. [nWNAS7293]

** Post Properties Inc PPS.N said former CEO John Williams and a Canadian partner have jointly made an unsolicited bid for the company for $44 to $47 a share. [nBNG336513]

** Inland American Real Estate Trust Inc, which reported a 9.8 percent stake in Cedar Shopping Centers Inc (CDR.N), said it was considering seeking control of the real estate company through an acquisition, merger or gaining representation on Cedar’s board. [nBNG334132]

** U.S. mobile games publisher Glu Mobile Inc (GLUU.O) said it was to buy British peer Superscape Group Plc SPS.L for an agreed 18.3 million pounds ($35.7 million). [nWLB6103]

** Radio broadcaster Entertainment Network (India) Ltd (ENIL.BO) said it has sold 16.5 percent stake in its outdoor advertising unit Times Innovative Media (TIM) to foreign investors, for a total of 2 billion rupees.

Goldman Sachs and Lehman Brothers have each acquired 8.28 percent in TIM, in a deal that values the unit at 12 billion rupees, the company said in a statement. [nBOM323426]

** Dutch telecoms group KPN (KPN.AS)KPN.N is buying German retail chain SMS Michel Communication GmbH, which will add about 200 shops to its German unit E-Plus, it said. [nWEB2792]